5 Hence, the per capita cost of servicing the national public debt ($639 in 2018) is identical in each province. The top 5 regions also includes Samut Sakhon Province, Samut Prakan Province, Phra Nakhon Si Ayutthaya Province, and Bangkok. This is called and measured by GDP per capita, or economic value per person in a country. Each province of Canada raises its own debt through debt instruments. British Columbia The province that calls itself the “best place on earth” had a $1.1 billion dollar deficit for fiscal 2012-2013. RPP consumption was highest in NWT at 7 378 litres per capita, and lowest in Nunavut at 465 litres per capita Footnote 1 . In 2019, Ontario added about 744.44 billion chained (2012) Canadian dollars of … The picture of debt in Nova Scotia is a conflicting one for sure. That means with its larger population, Nova Scotia employed only 9,112 departmental bureaucrats in 2005, while New Brunswick laid claims to 10,603, according to Statistics Canada. The Figure 1: Provincial Government Transfers to PSE Institutions per FTE Student, 2015-2016 Now one must be careful about relying on averages across all of PSE. As the number of new coronavirus (COVID-19) cases continues to climb in B.C., the province currently has a higher per capita rate of active cases than Canada's two most populous provinces, Ontario and Quebec. Ontario’s total debt is lower (about $18,700 per person) but in Ontario that number is growing very quickly. As debt levels rise, Yake said the province will have to pay an increasing amount of interest on the debt. The overall performance of PGDP in 2016 follows the general trend of GDP In 2017, the Province’s interest on debt spending per capita was $858, more than $180 below the rest of Canada average, primarily the result of lower borrowing rates. provincial and territorial economic accounts (x 1,000,000)”; and “Table 17-10-0005-01: Population estimates on July 1st, by age and sex,” accessed 17 December 2018. The province’s debt load is still increasing at a rapid rate, and will likely hit $116-billion by the beginning of 2022. The top 5 regions also includes East Kalimantan, Riau Islands, Riau, and Special Region of West Papua. 558,363 (US$ 3,835). The national debt and the interest payments on that debt are distributed equally across the country. Annual Per Capita Food Threshold, Subsistence Incidence and Magnitude of Subsistence Poor Population, by Region and Province - 2006, 2009, 2012 and 2015.xlsx Table 5. While we battle the debt, the real fight is against apathy. For example, the Province of Ontario owes C$348.8 billion outstanding and some of that debt is denominated in Government Debt in Canada increased to 721.36 CAD Billion in 2020 from 685.45 CAD Billion in 2019. Jakarta (Special City District) is the top region by GDP per capita in Indonesia. The province contributed R1,59 trillion to the country’s GDP of R4,65 trillion (current prices), translating to R111 171 per person. But some provinces are faring better than others when it comes to provincial budget deficits and provincial debt per person. Net debt per capita has increased from $13,162 per person or $52,648 per family of four, at the beginning of the 2008–09 global economic downturn to a projected $23,979 per person, or $95,912 per family of four in 2018–19. As of 2019, GDP per capita in Jakarta (Special City District) was 174,137 thousand rupiahs. Canada is divided into ten provinces and three territories.The majority of Canada's population is concentrated in the areas close to the Canada–US border.Its four largest provinces by area (Quebec, Ontario, British Columbia and Alberta) are also (with Quebec and Ontario switched in order) its most populous; together they account for 86% of the country's population. In order to do that, you need to look at the total debt of all the provinces, as well as their revenues and what they We get no funding from government (and don’t want any), from Big Unions, or Big Per capita income in the N.W.T. But Berlettano says per capita debt is not a useful measure of debt burden. Despite the lowest total revenue per person, Ontario’s per capita tax revenue is above the average of other provinces, owing to a strong economic base. This represents a significant deterioration from The province is on track to record a $9.8-billion deficit for fiscal year 2012-2013. Government Debt in Canada averaged 322.07 CAD Billion from 1962 until 2020, reaching an all time high of 721.36 CAD Billion in 2020 and a record low of 14.83 CAD Billion in 1962. However, Ontario’s debt is expected to continue rising over the outlook, leading to increases in Ontario’s debt … For 2019 (the fiscal year ending 31 March 2020), total financial liabilities or gross debt was $2434 billion ($64,087 per capita) for the consolidated Canadian general government (federal, provincial, territorial, and local governments In nominal terms the national GDP for 2016 was Rs. Newfoundland & Labrador has the highest combined debt per person ($48,478 Per capita fossil carbon dioxide emissions in Russia 1970-2019 Emissions from stationary sources in Russia 2010-2019, by sector Number of highly polluted cities in Russia 2010-2019 Key Points In 2017, the Ontario provincial government received $10,415 in total revenue per person, the lowest in the country. Per Capita Income by Province The nominal provincial GDP per capita are given in Table 4. The provincial debt is $30.5 billion or about $7,271 per person, the third lowest provincial or territorial per capita debt in the country after Saskatchewan, at $4,878, and the Yukon, at $4,796. The delinquency level for debt excluding mortgages was 10.6% higher on an annual basis, although the per capita non-mortgage debt actually fell by 3% to $23,035. The 46-55 age cohort had the greatest increase in delinquency at 13% year over year, reaching a rate of 1.08%. As of 2009, GDP per capita in Rayong Province was 898,883.34 baht. Among the provinces, Ontario has the highest combined federal-provincial debt-to-GDP ratio (75.4%), while Saskatchewan has the lowest (44.3%). Provinces like Nova Scotia and Manitoba have PSE populations which are pretty heavily skewed towards colleges (which tend to receive slightly less money than universities, though the gap isn’t huge), whereas in Quebec it is the reverse. But, even delving as deep as debt per capita isn’t enough to give a clear enough picture of provincial debt in Canada. See our Economic History Page where we calculate the GDP per capita. The Province's publicly-held debt consists of funds borrowed from the general public and institutional investors. And while the recession was certainly felt in this province, you can barely tell by looking at the total amount of […] Publicly held debt as of March 31, 2020, was $362.8 billion, or 97 per cent of total debt, issued in the following currencies: This graph shows the real Gross Domestic Product (GDP) of Canada in 2019, by province. has been well above that of every Canadian province since the beginning of the 2000s, when data on the territory as separate from Nunavut became available, and although some of this wealth does Per capita consumption of RPPs in 2018 was 3 038 litres (or 19 barrels). The province’s delinquency rate kept going up, by nearly 14 per cent compared to the first three months of 2016, but a much slower pace than through much of 2016, according to Equifax. "There's really only two ways to calculate a debt burden, and that's debt-to-GDP, or debt-to-revenue," she said. Another observation on the graphic above is dashed line we took the liberty of creating. On a per capita basis, Ontario’s net financial debt was approximately $21,700 in 2014-15, the second highest in the country and nearly 40 per cent higher than the provincial average. How Is Provincial Debt Raised In Canada? Share your sorrow about the debt with your friends and get them as angry as you are. While Canada's ten provinces and three territories exhibit high per capita GDPs, there is wide variation among them.Ontario, the country's most populous province, is a manufacturing and trade locus with extensive linkages to the northeastern and midwestern United States.. Rayong Province is the top region by GDP per capita in Thailand. In fact, the province is second-worst, ahead of only tiny Prince Edward Island (15.7). This makes it the top ranking province in terms of GDP per capita, followed by Western Cape and The per capita income increased in all provinces while only that of the Western province exceeded the national value in both years. Magnitude and Share to Total Poor Families and Population, by Region and Province - 2006, 2009, 2012 and 2015.xlsx 11,839 billion recording a growth of 8.11 per cent and a per capita income of Rs. Nova Scotia has one of the lowest debt loads in the country, both in total public debt, and debt per capita.

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